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The Times of India
The Times of India
Business
Bloomberg

Reliance Jio plans satellite broadband rivaling SpaceX, OneWeb

NEW DELHI: The conglomerate helmed by Mukesh Ambani, Asia’s richest man, is moving to provide satellite broadband connectivity, muscling into a segment where billionaires Sunil Mittal’s OneWeb and Elon Musk’s SpaceX have ambitious plans.

Jio Platforms, a wholly-owned subsidiary of listed Reliance Industries, entered into a joint venture with Luxembourg-based SES to “deliver the next generation scalable and affordable broadband services in India leveraging satellite technology,” according to an exchange filing on Monday.

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